I currently have a couple ETH on Coinbase. Would like to move them off and enter the world of staking as I have no desire to ever sell them. Any suggestions for my non tech savvy “ friend” ? I have read many posts here and haven’t had any luck finding a place where I meet the minimum ETH needed to stake there. Thanks for insights. I maybe better off just keeping it at CB and getting 3.26% APY but I feel like I’m getting taken advantage of AND possibly at risk since the coins reside there and not w me.
I would get a ledger hardware wallet and move your ETH to it and then through the ledger app it is dead simple to stake with lido.
Don’t use Lido, and don’t recommend Lido.
Here’s one of the lead builders/researchers from the Ethereum foundation explaining why: https://youtu.be/Y0ddkSa1ZuI
TL;DW: They are a threat to decentralization, their operators already control almost 33% of the validators and their DAO is a farce.
Currently I have 1 eth in lido What is proper way to move to rocket pool
Thanks for the info, I’ll research it further.
I don’t understand what’s best to use then? Everyone always says don’t use lido, the comment above says don’t use rocketpool… Is there any safe way to stake??
The one saying not to use Rocketpool is a scammer trying to get you to click on links to their fake platform!
For a fair comparison of the options take a look at the Ethereum.org evaluations of different staking pools:
https://ethereum.org/en/staking/pools/